Norske Skog starts off 2023 with lower sales and a net loss

Norske Skog wrapped up its 2022 business year with “strong results in uncertain times,” mainly thanks to higher sales prices. Despite deliveries declining by 12 per cent or 240,000 t year on year, the publication paper producer was able to increase its annual sales by nearly 50 per cent. The company attributed the drop...

In the first quarter of 2023 Artic Paper faced a more hesitant market, with demand at lower levels than in 2022. The company reports that quarterly figures were therefore lower, but still stronger than in the fourth quarter of 2022. Consolidated net sales remained at PLN1.03bn (Q1 2022: PLN1.11bn) and Ebitda at...

Austria-based Mayr-Melnhof group (MM) got off to a far more subdued start in the first quarter of its current fiscal year than in 2022. In its quarterly report, the group attributes this fact to poor demand caused by inflation and well-filled customer inventories. This applies above all to the MM Board & Paper...